5001822026-01-012026-03-315001822026-03-315001822025-03-315001822025-04-012026-03-315001822026-01-012026-03-31in-capmkt:OtherExpenses1Member5001822025-04-012026-03-31in-capmkt:OtherExpenses1Member5001822026-03-31OtherNoncurrentFinancialAssetsDomain15001822026-03-31OtherNoncurrentAssetsDomain15001822026-03-31OtherNoncurrentAssetsDomain25001822026-03-31OtherCurrentFinancialAssetsDomain15001822026-03-31OtherCurrentAssetsDomain15001822026-03-31OtherNoncurrentFinancialLiabilitiesDomain15001822026-03-31OtherNoncurrentFinancialLiabilitiesDomain25001822026-03-31OtherNoncurrentLiabilitiesDomain15001822026-03-31OtherCurrentFinancialLiabilitiesDomain15001822026-03-31OtherCurrentFinancialLiabilitiesDomain25001822026-03-31OtherCurrentLiabilitiesDomain15001822026-01-012026-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15001822026-01-012026-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss25001822025-04-012026-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15001822025-04-012026-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss25001822026-01-012026-03-31ItemsThatWillBeReclassifiedToProfitAndLoss15001822026-01-012026-03-31ItemsThatWillBeReclassifiedToProfitAndLoss25001822025-04-012026-03-31ItemsThatWillBeReclassifiedToProfitAndLoss15001822025-04-012026-03-31ItemsThatWillBeReclassifiedToProfitAndLoss25001822026-01-012026-03-31AuditorDomain1iso4217:INRiso4217:INRxbrli:shares500182HEROMOTOCONOTLISTEDINE158A01026HERO MOTOCORP LIMITEDMain BoardEquity2025-04-012026-03-312026-05-052026-04-21INRCroresQuarterlyFourth quarterSingle segmentAutomotive2026-05-0515:00:002026-05-0518:35:00trueCash Flow IndirectDeclaration of unmodified opinion2026-01-012026-03-31UnauditedConsolidated129782800000210040000013188320000085128200000212370000011111000007013100000187200000220500000015187000000112955300000189279000000189279000004681800000-10158000003666000000015261900000000-52270000014739200000586900000153261000001460000000013920000015113300000212800000400200000272.9872.910072.9872.911. The above consolidated financial results have been prepared in accordance with Indian Accounting Standards (Ind AS) notified under Section 133 of Companies Act, 2013, read together with the Companies (Indian Accounting Standard) Rules, 2015 (as amended).2. The above consolidated financial results for the quarter and year ended March 31, 2026 have been reviewed and recommended by the Audit Committee and approved by the Board of Directors in their meetings held on May 05, 2026.3. On May 05, 2026, the Board of Directors had considered and approved final dividend @ 3750% i.e. Rs.75 per equity share (face value of Rs.2 per equity share) for the financial year 2025-26. This dividend together with interim dividend @5500% i.e. Rs.110 per equity share, takes the aggregates total dividend for the year 2025-26 to Rs.185 per equity share i.e. 9250%.4. During the quarter ended March 31, 2026, 8,165 equity shares and year ended March 31, 2026, 78,941 equity shares of Rs. 2 each were issued and allotted under the Employee Incentive Scheme – 2014. 5. Particulars of subsidiaries and associates in the group as on March 31, 2026: a) Subsidiaries (held directly) - HMCL Netherlands B.V., HMC MM Auto Limited, HMCL Americas Inc., Hero Tech Center Germany GmbH b) Subsidiaries (held indirectly) - HMCL Colombia S.A.S., Hero MotoCorp Do Brasil LTDA, HMCL Niloy Bangladesh Limited (subsidiaries of HMCL Netherlands B.V.) c) Associates - Hero FinCorp Limited (Consolidated), Ather Energy Limited (formerly known as Ather Energy Private Limited) and Euler Motors Private Limited (Consolidated).6. During the quarter and year ended March 31, 2026, the Company has made the following investment:Name of the Company- Euler Motors Private Limited/ Nature- Associate/ Quarter ended March 31, 2026- Rs. 210 crore (Total- Rs. 210 crore)/ year ended March 31, 2026 - Rs. 720 crore (Total- Rs. 720 crore). 7. The Ministry of Environment, Forest and Climate Change issued the Environment Protection (End-of-Life Vehicles) Rules, 2025 (ELV rules), effective from April 01, 2025. In accordance with ELV rules, Extended Producer Responsibility (EPR) obligations are imposed on producers (“vehicle manufacturers”) for the scrapping of End-of-Life Vehicles. The obligations require acquiring EPR certificates from registered Vehicle Scrapping Facilities via a Centralised Online Portal (Portal), which is partially operational. However, the pricing mechanism for EPR certificates, and measurement framework for determining financial obligations are not yet made available. Further, the Ministry of Environment, Forest and Climate Change notified the Battery Waste Management Rules, 2022 on February 24, 2025 (as amended from time to time), applicable to producers (manufacturers and importers included), dealers, consumers, and entities involved in the collection, segregation, transportation, refurbishment, and recycling of all types of waste batteries. As a producer of batteries, the group is subject to these obligations, however, sufficient guidance on waste collection mechanisms and associated costs are not yet made available. Consequently, the group is currently unable to reliably estimate a range of possible outcomes and the financial implications of the above rules and will be evaluated once the implementation framework for determining the reliable estimate is established.8. On November 21 , 2025, the Government of India notified the four Labour codes - The code on Wages, 2019 , The Industrial Relations code, 2020, The code on Social Security, 2020, and The Occupational Safety, Health and Working Conditions Code, 2020 - consolidating 29 existing Labour Laws. Based on the draft rules and FAQs issued by the ministry of labour and employment and best available information, the Company has estimated the financial implications thereof and has made an additional provision of Rs 119 crores in the year ended March 31, 2026. Considering the materiality, regulatory driven and non - recurring nature of the impact, the company has presented such incremental impact under "Exceptional item". The Company continues to monitor the finalisation of central/state rules and other developments pertaining to labour codes and would provide appropriate accounting effect on the basis of such developments, if any.9.The figures for the current quarter ended March 31, 2026 and quarter ended March 31, 2025 are the balancing figures between the audited figures for the year ended March 31, 2026 and March 31, 2025, respectively and published results figures upto nine months ended December 31, 2025 and December 31, 2024, respectively which were subjected to limited review. Previous period/year figures have been regrouped/ reclassified wherever necessary. 10. During the year ended March 31, 2026, Share in net profit/ (loss) of associates includes gain of Rs. 735.81 crores on dilution of the Company’s share of investment in associates on account of Public Issue and Private Placement. 11. Based on the guiding principles given in Ind AS-108 on 'Operating Segments', the Group's business activity fall within a single operating segment, namely automotive segment. 12. The above consolidated financial results of the Group are available on the Company's website www.heromotocorp.com and also on www.bseindia.com and www.nseindia.com. For and on behalf of the Board of Directors/ Dr. Pawan Munjal / Executive Chairman/ DIN: 00004223/ New Delhi/ May 5, 20262025-04-012026-03-31AuditedConsolidated474112400000105813000004846937000003118616000007965300000-30332000002829470000078270000085499000005857270000041299370000071700000000-11900000007051000000016381100000217700000165988000000539112000000003845800000577570000005661000005832310000057417300000339700000578563000004668000004002000002215711700000287.01286.7200287.01286.72Other Expenses15187000000Other Expenses585727000005325250000024470000005026400000054568000005202600000039012000000318033000000285400000540400000326291000002454200000145480600000265009000001220483000002339850000068671000007999000002792000001154000000154547000000079974000001890453000000033452590000040020000021571170000021611190000019983000002181102000000000327750000032775000006980100000711480000000173724000004985500000542800000762199000007676270000047271000008647530000081438000003030700000139350000009904330000000116415700000334525900000Other non-current financial assets540400000Income tax assets (net)1269200000Other non-current assets1185000000Other current financial assets1154000000Other current assets7997400000Lease Liabilities2190600000Other non-current financial liabilities1086900000Other non-current liabilities0Lease Liabilities610000000Other current financial liabilities4117100000Other current liabilities8143800000782700000-6367500000102677000000-3373300000-30000001924000000197662000000462100000085499000000815800000181300000021640000005504000002317000002933900000176400000-533040000000-1052100000002430380000094813800000000116676000000831462000000720000000000000012080000011001000000494737800000525844000000000000000000000289500000293390000001185300000-447777000000024600000000004179000000541900000350731000007827000000618300000-3533690000030316000000303160000038355000006867100000Re-measurement(losses) on defined benefit plans13000000Share of Other comprehensive income of associates190000014900000Re-measurement(losses) on defined benefit plans-214200000Share of Other comprehensive income of associates-800000-2150000002800000-53800000Exchange differences in translating the financial information of foreign operations273900000Share of Other comprehensive income of associates369800000643700000Exchange differences in translating the financial information of foreign operations550400000Share of Other comprehensive income of associates31540000086580000068900000138500000586900000566100000AuditedtrueDeloitte Haskins & Sells LLPtrue2027-07-31